RepRisk launches biodiversity risk tool

RepRisk has launched Geospatial Analytics, a biodiversity risk tool.

An extension of RepRisk’s ESG Risk Platform, Geospatial Analytics enables biodiversity risk assessment using due diligence data, showing the proximity of 60,000+ mining and oil and gas projects to 270,000+ protected areas and 16,000+ Key Biodiversity Areas.

RepRisk says the tool will allow investors, banks, insurers and others to assess the conduct of companies operating extractive projects, understand their interface with nature, and make meaningful decisions towards nature-related targets and compliance.

According to RepRisk, Geospatial Analytics shows that:

Approximately 32% of natural and mixed UNESCO World Heritage sites are currently within 1km of an extractive project.

52% (470 out of 900) of Alliance for Zero Extinction Sites, which are home to the last of some of the world’s most threatened species, are within 10km of an extractive project.

Approximately 8,400 or 81% of Oil and Gas pipelines worldwide are within 10 km of at least one environmentally sensitive site.

“The Taskforce for Nature Related Financial Disclosures has made it clear that geospatial data is essential for reporting on corporate biodiversity risk and moving toward a nature-positive economy,” says Alexandra Mihailescu Cichon, Executive Vice President of Sales and Marketing at RepRisk. “RepRisk Geospatial Analytics not only brings clients in step with emerging frameworks like TNFD but empowers them with the most cutting-edge technology and the world’s most comprehensive ESG dataset. Nature doesn’t disclose anything, and ultimately biodiversity risk and financial risk are one and the same. It’s time for financial markets to integrate biodiversity risk considerations into their decision-making processes.”